Quote from JSSPMK:
To be honest I don't know is the real answer. I like to make money based on what I am seeing, rather than predicting the future to an extent - what would happen if & when markets crash. I know that if & when they do crash I want to have some silver & perhaps some gold stashed away somewhere, just like millions of other people in this world that understand that doom & gloom may be here sooner than later. And THAT is why gold is going up Amigo.
RE: And that is why Gold is going up amigo
that's a flawed argument since EVERYTHING is going up - the euro, silver, gold, other commodities, stock markets worldwide, etc.
In this thread alone I've seen you try to predict the future quite a few times, just yesterday itself on the 4H chart - albeit a smaller future timespan. So as hard as you might be trying to remain with the HERD for fear of being ostracized (like me), you can't fool me. You've got a streak of larceny aka markettiming in your blood.
so, here is the answer based on historical evidence of Gold's behaviour - this evidence is devoid of opinion - its based purely on gold's price.
Gold performs well only when the economy is EXPANDING.
Therefore, if/when the stock/economy crash begins, Gold will go with it.
And take all these billions of people, who are rushing into Gold thinking it is the best thing to have when the world is falling apart, with it to the cleaners.
Yes, have some gold and silver in the port - that's a given.
